EPF tax deduction benefit is up to RM6K per year only but all future (retirement age) withdrawals and gains are indeed tax free so far.

Bro, I was talking about employer's contribution and not "your" contribution into the EPF account (which is true as you mentioned above). Think about it and you'll understand (if you pay income tax).

But, I never heard of a loophole that KWSP allows employer to contribute more into the employee account and considered that in lieu of salary increase for them (as tax benefit). EPF contribution made by employer are essentially business expenses for them.

As per 2012 regulation, employer's contribution is 12% on top of 11% for employee. But, I never heard of a loophole that KWSP allows employer to contribute more into the employee account and considered that in lieu of salary increase for them (as tax benefit). EPF contribution made by employer are essentially business expenses for them.

Do you know of any employer have done this for their employees? Does this work? 

EPF tax deduction benefit is up to RM6K per year only but all future (retirement age) withdrawals and gains are indeed tax free so far.

Hi experts,

I have a question - why do I always get different amount of interest every month?

For instances:

I put RM20,000 FD in maybank for 1 month, so the interest rate is 3%. By right, when it's matured, I shall have close to RM20,050.00.

But when say I put RM20190.00, for 1 month, with interest rate 3% as well, I only managed to get slightly over RM49 as interest. Should it not have been at least RM50?

Any idea why this happened? Thank you.

Yes, the employer can contribute more than 12% to EPF.

I have a friend where his company contribute 19% of his salary to EPF as part of staff benefit. 

Went to Affin Bank
They offer 12 months FD @ 5%
Need to top up another 50% sum to buy Smart Income Saver (SIS)
Ask the staff how it works
Told me investment plus insurance
Can any1 enlighten on this?

I personally prefer those 5% after tax REITs rather than EPF, any winter melon and tofu happen to Malaysia economy, you can liquidate within 4 trading days. But it all depend on individual risk tolerance.

September 30, 2013, 7:32 a.m. ET.
Foreigners Stay Away From Malaysia 30-Year Bond
Bankers Say Domestic Pension Funds, Insurers Bought the Inaugural Issue.
 
By ANJANI TRIVEDI

With markets jittery over the looming shutdown of the U.S. government, Malaysia's central bank sold 2.5 billion ringgit of 30-year bonds, the country's longest-maturity offering ever, but foreign investors stayed away.

Malaysia has seen cash flow out of the country as investors became convinced the U.S. Federal Open Market Committee would scale back the Federal Reserve's monetary easing—also known as quantitative easing or QE—sending the local currency down 9% from its peak.

"If we look at the flow from the last few weeks since FOMC, we've seen a big outflow from this side. That has left foreign investors less interested," said Wan Mohd Fakruddin Razi, chief investment officer at MCIS Zurich Insurance Bhd. in Kuala Lumpur. Investors aren't willing to take the currency risk and "bring in new money," he said.

One concern among investors has been Malaysia's debt. The country had $145 billion of local-currency government bonds outstanding—one of the highest levels in the region—as of June 30, according to the Asian Development Bank. Indonesia has $89 billion of outstanding government bonds, Thailand has $104 billion and Vietnam has $26 billion.
http://online.wsj.com/article/SB1000142405...3155928262.html

RHB promo finished before I could transfer in time
Now I don't know where to go to cuz all FD promos suck...It's the 1st of Oct, I wonder if any banks have introduced anything good